Archiv 10. Mai 2010

Von der Tanke direkt zur Koranschule

We are now draining our economy of several hundred billion dollars a year in order to purchase foreign oil in a global market dominated by the huge reserves owned by sovereign states in the Persian Gulf. This enormous and increasing transfer of wealth contributes heavily to our trade and current-account deficits, and enriches regimes in the most unstable region of the world, helping to finance both terrorism and Iran’s relentless effort to build a nuclear arsenal.

Gutes Mittelmass oder direkt an die Spitze?

Everybody wants to be Michael Jordan. We look at Google and eBay, and a handful of vastly profitable billion-dollar businesses and people think that the road to that goes through the VCs. If they want their shot at being the Google, they have to go that path and that is really appealing.

They forget that the odds of that happening are vanishingly small. They forget the fact that they could just aim to be a million dollar business and they’ll probably be a lot better off. They’ll probably have a lot higher odds of success, but it’s just not as sexy.